United States of America (USA)
The full Monte
The 2009 Reinsurance/PricewaterhouseCoopers roundtable lunch saw some good-natured sparring between friends and rivals over the hot topics of the day - from the problems thrown up by AIG's troubles to Solvency II and US cage-rattling over Bermuda.
Aviva to target US growth with New York listing
Insurer to retain primary listing in London
Igal Mayer to leave UK as Aviva merges general insurance with life operation
Mark Hodges to head up UK business
Guy Carpenter acquires RML
Guy Carpenter has entered an agreement to buy all of the issued shares of the London-based reinsurance broker Rattner Mackenzie Limited (RML) from HCC Insurance (HCC).
Penn Treaty to be liquidated
The Pennsylvania Insurance Department has filed petitions that seek to liquidate Penn Treaty Network America Insurance and its subsidiary American Network Insurance Company in one in of the biggest forced breakups of an insurer in the US in five years.
US senators look to curb insurer executive pay
Democrats on the Senate Finance Committee voted to encourage limits on compensation of health insurance executives.
Moody's downgrades Transatlantic Re
Moody's has downgraded the insurance financial strength rating of Transatlantic Re to A1 from Aa3 and the senior debt rating of Transatlantic Holdings, to Baa1 from A3.
US economy shrank less than expected Q2
Figures from Commerce Department show that the US economy shrank by 0.7% April-June, the best performance in over a year
Hartford names new CEO
Former Bank of America exec named as new CEO at property/casualty insurer
US: Chinese drywall makers may ignore lawsuits
Lawyers say they expect Chinese companies that made the wallboard to ignore hundreds of lawsuits filed against them in US courts.
Cassano returns to US to face the music
Former AIG executive leaves London
Stanford blocked from accessing Lloyd’s funds
Allen Stanford’s court-appointed receiver persuades US judge to block bid to access insurance funds to pay lawyers
US health program vote likely Tuesday
Vote on Barack Obam's US health reform later on Tuesday.
US surplus lines results dip from competition, cat losses and economy
Report from AM Best notes that in 2008, the underwriting and operating performance of surplus lines companies continued to outpace that of the total property/casualty industry, although at a diminished level from 2007.
US property/casualty net income tumbled first-half 2009
Net income tumbles but underwriting results and investment returns improving.
Report: FEMA overpaid for flood insurance
The US Federal Emergency Management Agency overpaid insurance companies participating in the National Flood Insurance Program by $327m over a period of three years, according to a review by the US Government Accountability Office.
Greenberg asks court to dismiss Spitzer suit
AIG's ex-CEO Hank Greenberg asked a New York judge to dismiss a lawsuit brought in 2005 by former state Attorney General Eliot Spitzer.
New York regulators raise questions about Moody's
New York regulators have raised questions about ratings agency Moody's, a report from Reuters has said.
Ace appoints North American property head
Ace appoints Paul McNamee to new role.